Supreme Court case threatens future of CFPB, defended by NY AG and Democrats.

New York Attorney General Letitia James is leading a multistate effort, with attorneys general from 22 other states and the District of Columbia, to urge the Supreme Court to overturn a decision that threatens the existence of the Consumer Financial Protection Bureau (CFPB). The CFPB was created under the 2010 Dodd-Frank Act after the 2008 financial crisis. The Supreme Court agreed in February to hear arguments after the Biden administration appealed the U.S. 5th Circuit Court of Appeals' decision that the CFPB's funding method is unconstitutional.